PFC transfers 3 transmission projects to Adani Power

NEW DELHI: State-run Power Finance Corp today said its arm PFC Consulting Ltd has transferred three wholly owned subsidiaries to Adani Power Ltd.

"PFC Consulting Limited has transferred on November 23, 2015, its three wholly-owned subsidiary companies to Adani Transmission Limited, the investing affiliate of Adani Power Limited, the successful bidder selected through tariff-based competitive bidding guidelines for transmission services, issued by Power Ministry," PFC said in a BSE filing.

These three firms are Sipat Transmission Limited, Chhattisgarh-WR Transmission Limited and Raipur-Rajnandgaon-Warora Transmission Limited.

Adani Power won these three transmission projects through tariff-based competitive bidding process.